Zero Energy Buildings Market Research Report - Global Forecast till 2028

Zero Energy Buildings Market: Information by Equipment (HVAC System, Lighting, Walls & roofs and others), Application (Non-Residential and Residential) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast to 2028

ID: MRFR/CO/3882-CR | November 2019 | Region: Global | 185 pages

 Zero-energy Buildings Market Overview


Zero Energy Buildings Market size is projected to be worth USD 142.81 billion by 2028, registering a CAGR of 31.67% during the forecast period (2021 - 2028), The market was valued at USD 19.56 billion in 2020.


Segmentation


The global market for zero energy buildings is segmented by equipment and application. By equipment, the zero-energy buildings market is segmented into HVAC systems, lighting walls & roofs, and others. The HVAC systems dominated the global market as they are the most significant and energy-consuming parts in the entire building structure leading to significant energy savings in high-performance buildings.


By application, the global market for zero energy buildings is segmented as residential and non-residential. The non-residential segment accounted for the larger market share due to rising awareness and the additional investments to enhance energy efficiency and the renewable energy sources among owners of non-residential buildings, resulting in substantial energy saving.


Key Competitors


The Key Players of Global Zero Energy Buildings Market are Daikin Industries, Ltd. (Japan), General Electric (US), Johnson Controls International plc (Ireland), Honeywell International Inc (US), Schneider Electric (France), Siemens (Spain), SunPower Corporation (US), Kingspan Group (Ireland), Solatube International, Inc. (US), Saint-Gobain (France).


Regional Analysis


Region-specific analysis of the zero-energy buildings market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world.


Global Zero Energy Buildings Market, by Region, 2018 (%)  


Zero Energy Buildings Market


Source: MRFR Analysis


By, the market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world. North America is anticipated to lead the zero-energy buildings market during the study period, followed by Europe. The region is expected to witness increased growth in HVAC equipment system. It is being observed that the region is emerging for zero energy building solutions with a sustainable approach for increased global demand. The US dominates the zero energy buildings market in North America.


In 2018, Europe held the second-largest share of the zero-energy buildings market. The market is expecting significant growth due to the stringent regulations adopted by the governments in Europe for increasing the adoption of zero-energy building technologies.


Synopsis


The Global Zero Energy Buildings Market has been segmented based on equipment, application, and region. By equipment, the global market is segmented into HVAC systems, lightings, walls & roofs and others. The HVAC systems dominated the global market as they are the most significant and energy-consuming parts in the entire building structure leading to significant energy savings in high-performance buildings.


 



  • In January,2016 Johnson Controls and Tyco International merged to form Johnson Controls International PLC. This development helped it offer best-in-class products, technologies for fire, security, HVAC, and power applications, to serve end-use groups such as large institutions, commercial buildings, retail, industrial, small business, and residential buildings.



  • In June 2019, Kingspan Group established a manufacturing site at Saint-Priest to enhance the company’s presence in France and Southern Europe. This expansion helped increase storage capacity, which provides opportunities for the company to deliver its solutions to a larger customer base, target new markets, and cater to the demand for roof lights and ventilation systems across Southern Europe.


Zero-energy buildings meet all energy requirements such as low-cost, locally available, non-polluting, renewable energy sources. These are usually high performing, efficient buildings that use, over the course of a year, renewable technologies to produce as much energy as they consume from purchased commercial energy sources. The global zero-energy buildings market is expected to witness substantial growth during the forecast period. The demand is expected to be driven by increasing concerns regarding minimizing the energy consumption and growing environmental concerns and the inclination of individuals to adopt green buildings. Increasing information about the environmental and social impact of buildings among architects & construction companies has brought about a surge in sustainable building technologies and construction. Lower operating costs and energy bills, greater resale values as well as isolation provision from increasing high energy prices, leading to increased property values are some factors expected to increase the construction of zero energy building market during the forecast period.


However, the delay in obtaining certifications attributed to the lack of certified professionals and expertise to enable the assembly of all components used and the skills required to gain permissions for the integration and operations of zero-energy buildings are expected to increase in the coming years and may impact the global zero-energy buildings market.


Moreover, there has been a steady rise in enhancing sustainability and scope for growth in emerging economies. The scope for growth ensures various benefits for architects, developers, and economies are expected to create an opportunity for the global market players.


Market Segmentation



  • By Equipment– HVAC Systems, Lighting Walls & Roofs and Others.



  • By Application – Non-Residential and Residential.


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Equipment/ /Application) is driving the market?

  • What will be the growth rate by 2025?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2028: USD 142.81 billion
  CAGR   31.67% CAGR (2020-2028)
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Daikin Industries, Ltd. (Japan), General Electric (US), Johnson Controls International plc (Ireland), Honeywell International Inc (US), Schneider Electric (France), Siemens (Spain), SunPower Corporation (US), Kingspan Group (Ireland), Solatube International, Inc. (US), Saint-Gobain (France).
  Key Market Opportunities

  • Increase in growth of construction industry
  • Growing investments in residential and commercial construction
  •   Key Market Drivers

  • Rapid urbanization
  • Increase in demand for green buildings


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    Frequently Asked Questions (FAQ) :


    Global zero-energy buildings market projected to grow at approximately 31.67% CAGR during the assessment period (2021-2028).

    The valuation of the global zero energy buildings market is estimated to increase to USD 142.81 billion by 2028.

    On the basis of equipment, the HVAC systems and on the basis of application, the non-residential segment holds majority shares in the global zero energy buildings market.

    Asia Pacific holds the largest share in the global zero energy buildings market, followed by North America and Europe, respectively.

    Kingspan Group (Ireland), SunPower Corporation (US), Solatube International, Inc. (US), Daikin Industries, Ltd. (Japan), Saint-Gobain (France), General Electric (US), Honeywell International Inc. (US), Siemens (Spain), Johnson Controls International plc. (Ireland), and Schneider Electric (France), are some of the top players operating in the global zero energy buildings market.